Indian Energy Exchange public issue to open on Monday

New Delhi : The Indian Energy Exchange (IEX) announced it has raised an amount over Rs 300 crore from anchor investors, ahead of its initial public offering (IPO) on Monday.

IEX plans to raise Rs 1,001 crore through an IPO, for which it has fixed a price band of Rs 1,645-1,650 per share for its public issue.

In a stock exchange filing on Saturday, the company said would allot 18,19,501 equity shares to 23 anchor investors at a price of Rs 1,650 per share, by which the total amount works out to Rs 300.22 crore.